Investors Title (NASDAQ:ITIC) Announces $0.46 Quarterly Dividend

Investors Title (NASDAQ:ITIC) declared a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Investors of record on Monday, March 24th will be paid a dividend of 0.46 per share by the insurance provider on Monday, March 31st. This represents a $1.84 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Monday, March 24th.

Investors Title has raised its dividend by an average of 0.4% annually over the last three years.

Investors Title Trading Down 0.6 %

Shares of Investors Title stock traded down $1.37 during trading hours on Wednesday, reaching $230.02. 3,308 shares of the company’s stock were exchanged, compared to its average volume of 11,085. The company has a 50 day moving average of $228.79 and a two-hundred day moving average of $238.60. The stock has a market cap of $433.35 million, a P/E ratio of 14.00 and a beta of 0.97. Investors Title has a fifty-two week low of $146.41 and a fifty-two week high of $290.40.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share for the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%. The firm had revenue of $70.63 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Investors Title from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

Investors Title Company Profile

Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies.